IHCL to Acquire Controlling Stake in Atmantan; Marking Its Foray into the Integrated Wellness Segment
Indian Hotels Company (IHCL),India’s largest hospitality company, today signed definitive agreements to acquire 51% stake in Sparsh Infratech Private Limited, owning company of the brand ‘Atmantan’, a well-established luxury wellness centre located in Mulshi near Pune.
The acquisition gives IHCL ownership of the Atmantan brand and its proprietary expertise, enabling expansion of the wellness platform in collaboration with its founding promoters.
Speaking on the occasion, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL said, The growing wellness tourism market is witnessing a convergence of health and hospitality and increasing number of travellers are seeking immersive wellness experiences that go beyond conventional treatments and therapies. Addressing this emerging consumer need IHCL marks its entry into the integrated wellness segment with Atmantan. Its holistic and unique wellness proposition along with its proven business model seamlessly complements IHCL’s brandscape.
He added, This partnership with founders Sharmilee and Nikhil Kapur brings together Atmantan’s proprietary programmes and IHCL’s vision of entering and expanding in the integrated wellness segment across select destinations globally including within our portfolio.
IHCL